When Wright Flood identified a unique opportunity in the marketplace for private flood insurance several years ago, they began developing a product to fill the recognized coverage gap. Once the product was developed and carrier Zurich North America was onboard, the first policy was written in less than 10 months, on an admitted program filed… Read More
How National Programs’ actuarial support helped Wright Specialty gain a new carrier partner
National Programs’ value proposition: Actuarial support and carrier relationships “As an MGA, we straddle a fine line: We must make money for our carrier partner, yet we also must make money for our company. We juggle internal profitability of the business and carrier profitability,” explained Kevin Beer, president of Wright Specialty Insurance, one of National… Read More
How innovative technology has paved the way for MGA growth
How National Programs’ innovative technology focus has boosted their companies’ growth National Programs and parent company Brown & Brown pride themselves on the innovative technology built within its four walls as well as brought in from the Insurtech world. These innovations, in the form of new platforms, tools and more have already begun to increase… Read More
An Inside Look at M&A Strategies for MGAs
National Program’s acquisition strategy This article originally published in Insurance Business’s special section on M&As in Spring 2021. Today’s MGAs are engines of profitable growth, heating up the M&A space, say Steve Bouker, Arrowhead EVP, and Chris Walker, Arrowhead CEO and president of Brown & Brown National Programs. Both have 30-plus years of experience and… Read More
How Quick Quote’s innovative technology helped streamline the quoting process
Quick Quote takes the “work” out of workers’ comp Although it’s a vital coverage for every business, workers’ compensation is complicated and often difficult to quote and write. Arrowhead, part of National Programs, launched an online system that radically streamlined the process several years ago. Called Quick Quote, the platform was upgraded last fall to… Read More
Arrowhead’s “lift-out” model fuels growth
In its nearly 30-year history, Arrowhead General Insurance Agency, Inc., a National Programs company, has grown by being flexible, able to pivot at almost a moment’s notice to take advantage of a market opportunity. “We like to say innovation is our middle name, and since we’re a tech-forward company, the transition to teleworking for our… Read More
Partner vs. vendor: When working with startups, the distinction matters
By Ted Stuckey, as published in Carrier Management It’s hard to ignore the energy and attention that Insurtech startups have brought to our industry over the last several years. And with that energy, more insurance carriers and MGAs such as National Programs that are looking for a competitive edge and new revenue streams are turning… Read More
Case study: How a carrier program “lift-out” grew Automotive Aftermarket
When Arrowhead took up Zurich’s challenge of growing Automotive Aftermarket, assuming management of their program in 2012, they began looking for ways to offer a wider range of market opportunities for their producers. Arrowhead General Insurance Agency, Inc., is one of Brown & Brown’s National Programs companies. Over the years their executive team had noted… Read More